Day 275 Roundup: EU Struggles to Agree Russian Oil Price Cap; Deadly Strikes in Kherson

Image copyright: Getty Images [via Politico]

The Spin

Pro-establishment narrative

A cap on Russia's oil exports will further strain the resources available to Moscow for fighting its war in Ukraine, while alleviating price instability if Russian oil is taken off the market — it must be implemented.

Establishment-critical narrative

With countries such as China, India and others unlikely to go along with the EU's proposals, it's highly unlikely that they will be successfully implemented or work, even if support for the measures can be consolidated. A price cap is a ridiculous idea.

Pro-Russia narrative

A cap on the price of Russian oil goes against the principles of international trade and would have grave consequences for the global energy market.

Metaculus Prediction


Establishment split

CRITICAL

PRO

More neutral establishment stance articles

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